Summary - Profit First - Based On The Book By Mike Michalowicz

Library Of Stories

Narrateur Tom Hardy

Synopsis

SUMMARY 
  
PROFIT FIRST 
BASED ON THE BOOK BY MIKE MICHALOWICZ 
  
SUMMARY WRITTEN BY: LIBRARY OF STORIES 
  
CONTENT 
Taming The Beast 
How Profit First Works 
The Naked Truth 
Choose Your Own Adventure 
Day One, Quarter One, Year One and Forever 
Destroying Debt 
Found Money 
Sticking With It 
Profit First – Advanced Techniques 
General Analysis of the Book 
  
ABOUT THE ORIGINAL BOOK 
“Profit First” by Mike Michalowicz presents a revolutionary approach to managing business finances. The book challenges traditional accounting practices by flipping the formula for profitability. Instead of focusing on sales minus expenses to determine profit, Michalowicz proposes that businesses should prioritize profit first, then allocate money for expenses. Through practical steps and real-life examples, the book guides entrepreneurs on how to implement this system. It emphasizes financial discipline, the importance of separating funds into different accounts, and overcoming psychological challenges in maintaining profitability. The book offers strategies to create sustainable, profitable businesses, regardless of size or stage.

Durée: 26 minutes (00:25:52)
Date de publication: 06/12/2024; Unabridged; Copyright Year: — Copyright Statment: —